A containership fire every week, says TT Club

TT Club says the X-Press Pearl’s containership incident off Colombo is the latest in a disappointing recent and persistent catalogue of container ship fires, which occur almost weekly, the vast majority of them started by hazardous cargo. One estimate puts the number of mis- or undeclared dangerous cargoes in excess of 150,000 containers a year – each of which has disastrous potential, says the Club.  While still to be fully investigated, ... [+]

Supply Chain Risk II

International transport insurer TT Club has produced a second series of its podcast giving  guidance to operators on managing their protection against theft and fraud. In Series 2 of its successful podcast, TT Live, risk management experts discuss current trends in criminal activity that target cargo in transit and storage. ... [+]

Insurer warns of Suez knock-on

Insurers TT Club is warning that the Suez Canal will have knock-on effects on liner shipping for many weeks to come. It says that while the Canal is now functioning normally again, a reported 300 ships have been delayed awaiting transit, many others were re-routed via the longer passage around ... [+]

Crooks target Covid vaccines

Counterfeiters have already targeted Covid 19 vaccines “multiple times” warns insurers, the TT Club. Managing director of loss prevention, Mike Yarwood, says that two organisations have recently been broken up. In one case more than 3,000 saline filled vials were being sold as authentic vaccines and seized in Chinese police ... [+]

Cargo thieves switch to warehouses

Theft from storage facilities increasing and there has been a relative decline in in-transit incidents and those involving vehicles, according to whole year data from 2020 compiled by insurer, TT Club, and supply chain intelligence firm, BSI. The trend reflected the radical changes to consumer buying patterns as a consequence of ... [+]

Wrong info leads to cool chain claims, says TT Club

Almost 30% of incidents involving temperature-controlled freight were due to miscommunication of operational instructions while 23% were because of temperature setting errors, says freight transport insurer, TT Club. Analysis of claims records over the past three years also showed that reefer equipment failure or damage accounted for a quarter of the ... [+]

TT Club appoints Middle East director

TT Club has appointed Abdul Fahl (pictured) as through transport management services (Gulf) director. An Arabic speaker and with a masters degree in maritime law, Fahl has been a claims executive and senior claims executive during his seven and a half year career at TT Club in London, and also ... [+]

Your mate on the move

Freight insurer TT Club has created a Motorway Buddy smartphone app that provides a range of information, including the location of over 300 recognised truck stop facilities across the UK. Described as an established suite of products recognised by the UK government and trade organisations and a driver-friendly compliance and safety ... [+]

Covid-19 – TT Club has the answers

International freight insurer TT Club has set up a dedicated Coronavirus webpage, including risk briefings and alerts, as well as a set of frequently asked questions. It says that the diverse governmental responses around the globe have created a variable demand for goods, complex regulatory structures, and significantly changed trade patterns. The ... [+]

Backlogged cargo is at risk, warns insurer

Insurance group the TT Club is warning of the risks from the accumulation of cargo in warehouses, port terminals and inland depots. These are primarily non-essential products, for which there is little demand as retail outlets are closed or supplies for production lines that are either static or at reduced ... [+]

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